Passenger vehicles are the leading segment in the market.
At what rate is the market projected to grow?
The market is projected to accelerate at a CAGR of almost 3%.
Who are the top players in the market?
AB SKF, BRUSS Sealing Systems GmbH, Dana Inc., Datwyler Holding Inc., ElringKlinger AG, Flowserve Corp., Freudenberg SE, Parker Hannifin Corp., Tenneco Inc., Trelleborg AB are the top players in the market.
What are the key market drivers and challenges?
The market is driven by the increasing demand for silicon rubber gaskets. However, the rising demand for electric vehicles will impede the market growth.